Capital gain

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Student CA IPC / IPCC
261 Points Posted on 27 September 2020
if we have long term capital gain and want to invest in new property and remaining amount invest in 54EC then can we take benifit of both exemption
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On 27 September 2020 at 16:47 Report
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Quick Summary
This discussion explores whether it's possible to claim exemptions on both a new property purchase and a 54EC investment when dealing with long-term capital gains. While it appears you can benefit from both, there's a crucial caveat: if the asset sold wasn't a house property, you might still owe capital gains tax even after investing in both options.

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493 Points Posted on 27 September 2020
I think you can take benefit of both please concern from other also
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On 27 September 2020 at 17:37
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12244 Points Posted on 28 September 2020
Yes you can but if the long term capital asset sold was not house property, then you may have to pay capital gain tax even if you invest in both
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On 28 September 2020 at 03:11

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